In the past few days, the news about the epic earthquake and tsunami that shook Japan was followed by many people. The devastation is being described like a Hollywood movie with pictures only million dollars special effects can copy. The images will cost more for millions in reality. The damage is so serious that initial numbers are not even on anyone's minds. May lives has been lost.
When the earth quake and tsunami hit, some poker community and pros make their way to join the disaster relief in Japan.
PokerNews have been affected personally by the situation in Japan according to them. Upon the criticism that poker seems to get about the “degen lifestyle”, poker community wanted to turn the center of attraction to the hearts of the players and community they referred as home.
Bicycle Casino in Los Angeles' main event of “The Big Event” was on it's way came to stop to watch the developments of the disaster on TV.
Joe Hachem and Victor Ramdin who were playing heads up at the time, ceased their tournament and think about pausing for the night upon being aware of the events. They ended up finishing the game, however it was really a kind of gesture.
Chino Rheem, Shane Schleger and many poker players, shortly after the devastation started posting on twitter the Red Cross text number, 90999 to raise awareness on how people can get engaged. The red cross 90999 text is an emergency service which makes it easy for people to ship their donation – it adds. With each text sent, it adds a $10 donation to your next phone bill.
Justin “BoostedJ” Smith gave out a challenge not just for the poker community but also to everyone that he would donate $1 for every retweet of the redcross text of 90999.
Maria Ho of UB gone so far as top give away a seat to her weekly $300 buy – in $50,000 guarantee tournament to the first person to send her a twit pic of their #10 Red Cross text.
Shannon Elizabeth, a noted celebrity and poker pro also urged to text red cross to 90999 to donate $10 to Japan
Christian Harder who had a 33 cash out over his career in poker playing wishin everyone in Japan the best of luck.
The poker community is possibly to be one of the first to set up a charity poker tournaments. This is a terrible crisis.
* This article is and excerpt and a summarized form of the articles about the different poker communities and poker personalities getting involved in the disaster relief in Japan which can be found in these URLs.
* http://www.pokernews.com/news/2011/03/poker-community-getting-involved-in-japan-disaster-relief-10008.htm
* http://www.gambling911.com/poker/poker-community-reacts-devastating-earthquake-japan-031111.html
Another Online Gambling Firm to Move Off British Shore
The world's largest betting exchange, Betfair have already declared that it would go after their rivals Ladbrokes and William Hill as the two moved its business to Gibraltar to lessen its tax burden.
Betfair was has been up for more than a decade and was founded by a one – time professional gambler Andrew Black and former JP Morgan. Derivatives trader Ed Wray stated that they're looking forward to save 20 million pounds per year as a result of which will see its wagering exchange operate under Gibraltar license beginning Wednesday.
Betfair is presently paying 15 percent tax on gross profit from wagering, but this will drop to 1 percent after they move in Gibraltar as the tax rate for betting exchange operations there is 1% turnover with the gaming tax capped at GPB425,000 annually. For online casino sites, the gaming tax is at 1% of the gross product with similar maximum cap as fixed – odds betting.
CEO David Yu said in a conference call with reporters that Betfair was also finding for ways to avoid the so – called “double taxation” which it is presently facing under UK tax regulations. He also commented that “As a global, technology-led betting operator, our new operational base in Ireland and the change to our licensing structure provides us with increased flexibility. It allocates to be more efficient by providing first class technical equipments on their locations, to serve our customers better and to compete on the same basis as the majority of operators in the UK online betting market.”
The company intends to go on employing on nearly 1200 people at its offices in the UK but declared to move of key technical equipment and 120 staff to new offices in Dublin and Gibraltar as part of a broader reorganizing. New offices will operate in parallel to the existing ones but will be combined in 2012.
The third quarter results of Betfair showed a 20.5 % drop in poker revenues summing to GBP5.2 million, sports betting revenues up by 8.6% amounting to GBP56.6 millions, games up to 8.2 percent to GBP14.3 million and a total revenue results of GBP77.0 million portraying an increase of 6.2 percent last year on the same period.
Giving his comment on the third quarter performance and present trading, Betfair's CEO David Yu said that “We are pleased with the growth we achieved in the third quarter, especially from football and Games. Lower cost per acquisition resulted from its marketing efficiency for this quarter whilst also showing strong growth in active customer numbers.. We have made a good start to Q4. Improvements followed by a succesful migration of new technology infrastructure to their new data center in Ireland, we are rolling out a planned series of major improvements to our Sports betting product which will help to drive revenue growth in Q4 and into FY12. We remain confident that we will deliver an outcome for the current financial year within the range of market expectations.”
* This article is summarized from the articles featuring the said move of BetFair to Gibraltar which can be found at the official website of realbusiness.co.uk, calvinayre.com and onlinecasinosuite.com
Betfair was has been up for more than a decade and was founded by a one – time professional gambler Andrew Black and former JP Morgan. Derivatives trader Ed Wray stated that they're looking forward to save 20 million pounds per year as a result of which will see its wagering exchange operate under Gibraltar license beginning Wednesday.
Betfair is presently paying 15 percent tax on gross profit from wagering, but this will drop to 1 percent after they move in Gibraltar as the tax rate for betting exchange operations there is 1% turnover with the gaming tax capped at GPB425,000 annually. For online casino sites, the gaming tax is at 1% of the gross product with similar maximum cap as fixed – odds betting.
CEO David Yu said in a conference call with reporters that Betfair was also finding for ways to avoid the so – called “double taxation” which it is presently facing under UK tax regulations. He also commented that “As a global, technology-led betting operator, our new operational base in Ireland and the change to our licensing structure provides us with increased flexibility. It allocates to be more efficient by providing first class technical equipments on their locations, to serve our customers better and to compete on the same basis as the majority of operators in the UK online betting market.”
The company intends to go on employing on nearly 1200 people at its offices in the UK but declared to move of key technical equipment and 120 staff to new offices in Dublin and Gibraltar as part of a broader reorganizing. New offices will operate in parallel to the existing ones but will be combined in 2012.
The third quarter results of Betfair showed a 20.5 % drop in poker revenues summing to GBP5.2 million, sports betting revenues up by 8.6% amounting to GBP56.6 millions, games up to 8.2 percent to GBP14.3 million and a total revenue results of GBP77.0 million portraying an increase of 6.2 percent last year on the same period.
Giving his comment on the third quarter performance and present trading, Betfair's CEO David Yu said that “We are pleased with the growth we achieved in the third quarter, especially from football and Games. Lower cost per acquisition resulted from its marketing efficiency for this quarter whilst also showing strong growth in active customer numbers.. We have made a good start to Q4. Improvements followed by a succesful migration of new technology infrastructure to their new data center in Ireland, we are rolling out a planned series of major improvements to our Sports betting product which will help to drive revenue growth in Q4 and into FY12. We remain confident that we will deliver an outcome for the current financial year within the range of market expectations.”
* This article is summarized from the articles featuring the said move of BetFair to Gibraltar which can be found at the official website of realbusiness.co.uk, calvinayre.com and onlinecasinosuite.com
Celebrate Women's Day in an Online Casino
On the very fist day of March, 2011, Intercasino launched a new promotion. It is a slot tournament which is appropriately called Maximum Resolutions. However, this promotion has been used by Intercasino to celebrate the International Women's Day. The first International Women's Day was celebrated way back 1911 in Germany. Today it is being celebrated in more than 70 countries as a sign of appreciation for the contribution of women in the society as well as to acknowledge their achievements.
Maximum Revolutions promotions will take fourteen days beginning from March 1 to March 14. Players will earn points for deposits that make into their Intercasino accounts and for the amounts they bet on the featured online slots games during the said period.
Rankings on a leader board of players will be based on the points they gathered. A prize poll worth $11,500 will be shared by the top 50 players on the leader board. $3,000, $2,000 and 1,000 will be won be the top 3 players. At the bottom of the prize pool, players that ranked from 41 to 50 will receive $30 each.
Intercasino players have to choose to the Maximum Revolutions promotion be inscribing the code WOMAN before making their initial deposit. For their every $25 deposit during the promotional period, they will earn 500 points. In addition, the sum of the amount wagered on the featured games will be added to their total points. In this promotion, the prizes that will be won will be treated as casino credits and credited into the accounts of players. In order to withdraw the casino credits and any winnings, the top three winners will need to bet their credits one time and the players ranked 4th to 50th will need to bet their credit 16 times.
Most games designated for wagering in the Maximum Revolutions promotion suit in the women's day theme. Cleo Queen of Egypt is the first of the slot games. Intercasino has something to say about the slot game, "Think feminism is a 20th century invention? Ancient Egypt's first lady Cleopatra seduced Caesar. Will her Ptolemaic charms work on you in our 9 line Crazy Jackpots Slot?".
Taking up women's chores and letting them go out and enjoy themselves is the best way to celebrate Women's day. This is precisely what the next features slot game seems to be saying. The online slot is Dad's day In and the symbols comprise a hassled Dad, baby crying, milk bottle and saucepan boiling over. High Fashion is not an online slot, it is a scratch card game. It has been included as a featured game due to the fact that it gives an extraordinary online shopping experience for women.
* This article is an excerpt and was based from the article featuring the Women's Day promotion launched by the InterCasino which can be found at www.casinoadvisor.com (http://www.casinoadvisor.com/intercasino-womens-day-promo-news-item.html).
Maximum Revolutions promotions will take fourteen days beginning from March 1 to March 14. Players will earn points for deposits that make into their Intercasino accounts and for the amounts they bet on the featured online slots games during the said period.
Rankings on a leader board of players will be based on the points they gathered. A prize poll worth $11,500 will be shared by the top 50 players on the leader board. $3,000, $2,000 and 1,000 will be won be the top 3 players. At the bottom of the prize pool, players that ranked from 41 to 50 will receive $30 each.
Intercasino players have to choose to the Maximum Revolutions promotion be inscribing the code WOMAN before making their initial deposit. For their every $25 deposit during the promotional period, they will earn 500 points. In addition, the sum of the amount wagered on the featured games will be added to their total points. In this promotion, the prizes that will be won will be treated as casino credits and credited into the accounts of players. In order to withdraw the casino credits and any winnings, the top three winners will need to bet their credits one time and the players ranked 4th to 50th will need to bet their credit 16 times.
Most games designated for wagering in the Maximum Revolutions promotion suit in the women's day theme. Cleo Queen of Egypt is the first of the slot games. Intercasino has something to say about the slot game, "Think feminism is a 20th century invention? Ancient Egypt's first lady Cleopatra seduced Caesar. Will her Ptolemaic charms work on you in our 9 line Crazy Jackpots Slot?".
Taking up women's chores and letting them go out and enjoy themselves is the best way to celebrate Women's day. This is precisely what the next features slot game seems to be saying. The online slot is Dad's day In and the symbols comprise a hassled Dad, baby crying, milk bottle and saucepan boiling over. High Fashion is not an online slot, it is a scratch card game. It has been included as a featured game due to the fact that it gives an extraordinary online shopping experience for women.
* This article is an excerpt and was based from the article featuring the Women's Day promotion launched by the InterCasino which can be found at www.casinoadvisor.com (http://www.casinoadvisor.com/intercasino-womens-day-promo-news-item.html).
Atlantic Lottery Corp Prepare for Online Casino Gambling
* This article is an excerpt from the article about the Atlantic lottery Corp. which is posted at http://www.recentpoker.com/news/Atlantic-Lottery-Corporation-0518.html
New Brunswick considers joining BC and Quebec in the online gambling sector. Although, some of the small Canadian Maritime provinces using the Atlantic Lottery Corporation are not in favor of getting into online casino gambling,apparently, New Brunswick is taking a more considered approach.
A manager of the ALC told a committee on Crown Corporation this week that if the New Brunswick government approves the expansion of online casino operations, the Atlantic City Lottery Corporation is ready anytime.
The vital regulatory changes have already been drafted that would permit the company to expand further into online gambling, participating provinces like British Columbia and Quebec that have already gone online with gambling offerings, the manager revealed.
The committee was told that, "Technically, it is a very easy decision.. We have some quality control testing.. so our due diligence would take a few months, so it is up to the shareholder on the timing because all of the other pieces are in place." The Crown committee has been told by a Department of Finance official from New Brunswick that the provincial government has been "...consistent in that we have had ongoing discussions with ALC but there is no decision made either way on the matter."
The ALC has built a nice relationship with its equal organization in BC and Quebec – then British Columbia Lottery Corporation and Loto – Quebec. Among the provinces making up the shareholder in the ALC, so far Nova Scotia and Prince Edward Island have not showed any plans to enter the online gambling sector. With those that are for the idea of receiving the essential technical support from the ALC, Individually, provinces are free to make decisions.
New Brunswick considers joining BC and Quebec in the online gambling sector. Although, some of the small Canadian Maritime provinces using the Atlantic Lottery Corporation are not in favor of getting into online casino gambling,apparently, New Brunswick is taking a more considered approach.
A manager of the ALC told a committee on Crown Corporation this week that if the New Brunswick government approves the expansion of online casino operations, the Atlantic City Lottery Corporation is ready anytime.
The vital regulatory changes have already been drafted that would permit the company to expand further into online gambling, participating provinces like British Columbia and Quebec that have already gone online with gambling offerings, the manager revealed.
The committee was told that, "Technically, it is a very easy decision.. We have some quality control testing.. so our due diligence would take a few months, so it is up to the shareholder on the timing because all of the other pieces are in place." The Crown committee has been told by a Department of Finance official from New Brunswick that the provincial government has been "...consistent in that we have had ongoing discussions with ALC but there is no decision made either way on the matter."
The ALC has built a nice relationship with its equal organization in BC and Quebec – then British Columbia Lottery Corporation and Loto – Quebec. Among the provinces making up the shareholder in the ALC, so far Nova Scotia and Prince Edward Island have not showed any plans to enter the online gambling sector. With those that are for the idea of receiving the essential technical support from the ALC, Individually, provinces are free to make decisions.
New Jersey Residents Say Yes to Sports Betting and No to Online Casino Gambling
As it finally ends up, New Jersey's governor, Chris Christie may have more on the flow of their people than the law makers who passed the online gambling legislation, which is now just waiting for Christie's signature to go into effect.
A majority of the residents of New Jersey are willing to allow sports betting like football and basketball games in all states. 62% of New Jersey residents say they favor it whether at Atlantic City casino or horse tracks, while 32 % are against it. Men favor it by a wide range of 72% and women by 36% while it is favored by equal range of democrats, republicans and independents.
However, just this week, Christie signed off on two other gambling bills which passed through the state legislature in the same general time frame – an act allowing wagering exchanges to operate in the state of New Jersey for horse racing, and a new way of combining pari – mutuel wagers. But until present, online casino legalization is seems to be left behind.
“People suspect that that internet makes the barrier for participation in gambling too low, maybe a little like having a liquor store right at everyone's door.” The poll director explained in a statement.
Most of those people who are in favor or sports betting in their state are the opinion that as residents wager on it illegally anyway then the government should really allow and tax it.
For those people hoping that the internet gambling will soon be granted a green card in state New Jersey, this poll won't be a good news.
Although, the New Jersey residents may come round to the idea of not having to get on the feared toll road to place a bet it sports betting is legalized and shown to produce huge amount of money for the state's economy.
If this issue has an impact to Christie's decision if He's going to sign the bill into law or reject it, there is no final word up to present. The New York Post says that rejection is about to happen, but iMega's chairman Joe Brennan doesn't buy it and told PokerNewsDaily that “Our people just met with the Governor’s office yesterday and they didn’t indicate anything like this.. I don’t know why anyone would be going to the press with this story when I think it’s not indicative of anything going on. As far as we can tell, the Governor doesn’t feel like he’s under pressure. He wants to make sure they’re satisfied on all fronts.”
Quoting from bill's author and chief supporter, Senator Raymond Lesniak said that the he anticipates that the online gambling bill will be signed, but he wouldn't be surprised by a limited veto that remove the online gambling portion of the law that might include online casino gambling.
A majority of the residents of New Jersey are willing to allow sports betting like football and basketball games in all states. 62% of New Jersey residents say they favor it whether at Atlantic City casino or horse tracks, while 32 % are against it. Men favor it by a wide range of 72% and women by 36% while it is favored by equal range of democrats, republicans and independents.
However, just this week, Christie signed off on two other gambling bills which passed through the state legislature in the same general time frame – an act allowing wagering exchanges to operate in the state of New Jersey for horse racing, and a new way of combining pari – mutuel wagers. But until present, online casino legalization is seems to be left behind.
“People suspect that that internet makes the barrier for participation in gambling too low, maybe a little like having a liquor store right at everyone's door.” The poll director explained in a statement.
Most of those people who are in favor or sports betting in their state are the opinion that as residents wager on it illegally anyway then the government should really allow and tax it.
For those people hoping that the internet gambling will soon be granted a green card in state New Jersey, this poll won't be a good news.
Although, the New Jersey residents may come round to the idea of not having to get on the feared toll road to place a bet it sports betting is legalized and shown to produce huge amount of money for the state's economy.
If this issue has an impact to Christie's decision if He's going to sign the bill into law or reject it, there is no final word up to present. The New York Post says that rejection is about to happen, but iMega's chairman Joe Brennan doesn't buy it and told PokerNewsDaily that “Our people just met with the Governor’s office yesterday and they didn’t indicate anything like this.. I don’t know why anyone would be going to the press with this story when I think it’s not indicative of anything going on. As far as we can tell, the Governor doesn’t feel like he’s under pressure. He wants to make sure they’re satisfied on all fronts.”
Quoting from bill's author and chief supporter, Senator Raymond Lesniak said that the he anticipates that the online gambling bill will be signed, but he wouldn't be surprised by a limited veto that remove the online gambling portion of the law that might include online casino gambling.
Paddy Power Pissed Off Canadians from Online Casino Gambling
Online gamblers in Canada are reporting revival of last year's “no Canadian punters” emails from a top online gambling company this week, although detail on the real legality of such rejection has not been disclosed.
Paddy Power online casino group sent an email to a number of Canadians saying that: “It has come to our attention that you are using a Canadian bank card. In accordance with Canadian law we will now be unable to take bets from Canada. Instances happened when your credit card company blocked your card and closes it; Your account still can withdraw funds for seven days and immediately contact the support team for assistance.
Since 12 pm of February 14, 2011, Paddy Power was no longer accepting payments from Canadian sources. Paddy Power was still taking bets from Canadians earlier last February 14, and the new conditions obviously came with no warning and the email is absolutely not specific on which “Canadian Law” the shutting out is based upon.
There is no particular law in Canada to ban online gambling, including play at online casino or surely on online gambling transactions like the case in the USA.
Based from the incidents above, it has been reported for Paddy Power's in British Columbia and Quebec (and soon Ontario) have practiced their right to regulate online gambling by province and have started their own gambling sites, run by the respective provincial lottery companies.
During those times in 2010, online gambling companies warn their players that they may be moving out of the Canadian market, apparently expecting new laws.
The list include some Boss Media, which is working with at least one provincial authority. But in some cases, players were assured that they could still play no down load games. Boss Media did not respond to investigation at the time.
In the case of Casino Club group, Canadian players were told that, “We regret to inform you that due to the new regulations of the British Columbia Lottery Corporation, Loto-Québec and the Atlantic Lottery Corporation, online gaming products in Canada are prohibited. Added Canada to be excluded countries and players from Canada will no longer be permitted to play at Casino Club starting September 24, 2011."
No such laws have come to light, but and the matter remains mixed up uncertainty. Paddy Power's ban on Canadians has been included in its terms and conditions, which signal Canada as a “prohibited jurisdiction”.
Paddy Power casino is one of the number of licensee of IGT games and it is possible that this directive has been transmitted by the software company themselves.
Paddy Power online casino group sent an email to a number of Canadians saying that: “It has come to our attention that you are using a Canadian bank card. In accordance with Canadian law we will now be unable to take bets from Canada. Instances happened when your credit card company blocked your card and closes it; Your account still can withdraw funds for seven days and immediately contact the support team for assistance.
Since 12 pm of February 14, 2011, Paddy Power was no longer accepting payments from Canadian sources. Paddy Power was still taking bets from Canadians earlier last February 14, and the new conditions obviously came with no warning and the email is absolutely not specific on which “Canadian Law” the shutting out is based upon.
There is no particular law in Canada to ban online gambling, including play at online casino or surely on online gambling transactions like the case in the USA.
Based from the incidents above, it has been reported for Paddy Power's in British Columbia and Quebec (and soon Ontario) have practiced their right to regulate online gambling by province and have started their own gambling sites, run by the respective provincial lottery companies.
During those times in 2010, online gambling companies warn their players that they may be moving out of the Canadian market, apparently expecting new laws.
The list include some Boss Media, which is working with at least one provincial authority. But in some cases, players were assured that they could still play no down load games. Boss Media did not respond to investigation at the time.
In the case of Casino Club group, Canadian players were told that, “We regret to inform you that due to the new regulations of the British Columbia Lottery Corporation, Loto-Québec and the Atlantic Lottery Corporation, online gaming products in Canada are prohibited. Added Canada to be excluded countries and players from Canada will no longer be permitted to play at Casino Club starting September 24, 2011."
No such laws have come to light, but and the matter remains mixed up uncertainty. Paddy Power's ban on Canadians has been included in its terms and conditions, which signal Canada as a “prohibited jurisdiction”.
Paddy Power casino is one of the number of licensee of IGT games and it is possible that this directive has been transmitted by the software company themselves.
The Rapid Growth of Online Gambling Industry
One of the greatest forces for growth in the gambling industry nowadays is technology. This is neither perceptive nor visionary. Anyone who follows current events knows the role of technology in the record growth of North America n economies. But it is necessary to realize that the same internet technological advancements responsible for the growth of the online gambling industry are driving growth in many industries all over the world.
By all assessment, the internet has become a very important communication tool and the online gambling industry has become dependent on the internet for business. What matters most to the gambling industry as well as governments through out the world is that increasingly more individuals have safe access to gambling through internet.
While it's hard to put an exact figure on the overall size of the online gambling industry, different estimate ranges from about $20 billion to $50 billion per year in revenue, with about 20,000 to 30,000 active sites serving costumers. The online gambling industry comprises a wide range of sites, including online casino, sportsbooks, poker rooms, bingo parlors, lotteries, horse racing sites and more.
With online gambling companies located and assembled in countries with friendly licensing regulations like Canada, Gibraltar, Costa Rica, Panama, Belize and Panama, the industry can be a major source of jobs specially for a not a big country. Online gambling operators not only hire executives, marketing staff and software programmers but they also commonly maintain a very huge number of support staffs to be available 24 hours a day to handle costumer service.
Online gambling only begun to boom and see real growth on the late 1990s that' why it is still considered a growth industry. However, it has experienced growing pains in the pass years, mostly because of the anti – gambling legislation in countries such as the US. Experts says that online gambling industry will continue to grow in the future and that the industry is a strong one. With many countries continuing to execute laws to regulate the industry more growth should be expected in the future.
Major global land based gambling companies are looking to move for large sections of their business online because their industry is experiencing competition from rapidly expanding online gambling and increasing level of public endorsements. A report points out that online casino gambling currently constitutes a very small percentage of overall global gambling. However, it is growing at a very fast pace and is likely to boom.
Resolution of issues involving regulation of online gambling will continue to progress world wide as government will try to bank on tax revenues from them while seeking to ensure safety and satisfy demand. It is believed that the need for increased profit and liquidity, along with a society that will be more open and accepting to online gambling, will eventually drive the legal acceptance of this industry in the next several years. Though this evolution may not be felt overnight in terms of revenue, it will have a big impact on the global gaming industry in the decade.
By all assessment, the internet has become a very important communication tool and the online gambling industry has become dependent on the internet for business. What matters most to the gambling industry as well as governments through out the world is that increasingly more individuals have safe access to gambling through internet.
While it's hard to put an exact figure on the overall size of the online gambling industry, different estimate ranges from about $20 billion to $50 billion per year in revenue, with about 20,000 to 30,000 active sites serving costumers. The online gambling industry comprises a wide range of sites, including online casino, sportsbooks, poker rooms, bingo parlors, lotteries, horse racing sites and more.
With online gambling companies located and assembled in countries with friendly licensing regulations like Canada, Gibraltar, Costa Rica, Panama, Belize and Panama, the industry can be a major source of jobs specially for a not a big country. Online gambling operators not only hire executives, marketing staff and software programmers but they also commonly maintain a very huge number of support staffs to be available 24 hours a day to handle costumer service.
Online gambling only begun to boom and see real growth on the late 1990s that' why it is still considered a growth industry. However, it has experienced growing pains in the pass years, mostly because of the anti – gambling legislation in countries such as the US. Experts says that online gambling industry will continue to grow in the future and that the industry is a strong one. With many countries continuing to execute laws to regulate the industry more growth should be expected in the future.
Major global land based gambling companies are looking to move for large sections of their business online because their industry is experiencing competition from rapidly expanding online gambling and increasing level of public endorsements. A report points out that online casino gambling currently constitutes a very small percentage of overall global gambling. However, it is growing at a very fast pace and is likely to boom.
Resolution of issues involving regulation of online gambling will continue to progress world wide as government will try to bank on tax revenues from them while seeking to ensure safety and satisfy demand. It is believed that the need for increased profit and liquidity, along with a society that will be more open and accepting to online gambling, will eventually drive the legal acceptance of this industry in the next several years. Though this evolution may not be felt overnight in terms of revenue, it will have a big impact on the global gaming industry in the decade.
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